Optimism about the world’s economic growth among fund managers has hit an all-time low amid concerns of potential stagflation, according to the April edition of a monthly survey by the Bank of America (BofA).
When questioned about global growth expectations, 71 percent of fund managers expressed pessimism, the highest percentage since the survey began in the 90s, according to Reuters. Expectations regarding stagflation—persistent high inflation combined with high unemployment and stagnant demand—jumped to its highest level since August 2008.
